Examples of Legacy Group in a sentence
Corporate Governance New PubCo will retain the same management and board composition as Old PubCo. The charter and bylaws of New PubCo shall have provisions identical to the current charter and bylaws of Old PubCo, including all of the rights of the Amneal Legacy Group contained therein, consistent with Section 251(g) of the DGCL.
Reorganization Documentation Prior to Closing, the Parties will amend any applicable governance, voting, stockholders or similar agreements to which Old PubCo, Opco or any of the Amneal Legacy Group members are party (including, but not limited to, the Opco LLCA, TRA and Stockholders Agreement) in order to (i) effect the Reorganization and (ii) maintain the effectiveness of such agreements following the Reorganization.
The terms of the TRA will be amended to provide that the percentage of the applicable tax savings the Amneal Legacy Group will be entitled to thereunder is decreased from 85% to 75%.
Old PubCo shall file an 8-K disclosing this Term Sheet, and the Amneal Legacy Group shall make appropriate Section 13/16 filings, in each case promptly after execution hereof.
Tax Receivable Agreement The Reorganization shall not result in an acceleration of the Tax Receivable Agreement dated as of May 4, 2018, by and among Old PubCo, Opco and the Amneal Legacy Group (the “TRA”).
The First Merger will meet the requirements of Section 251(g) of the DGCL and will be accomplished without a vote of the stockholders of Old PubCo. Consideration The Amneal Legacy Group will not receive cash consideration in the Reorganization.
The MHC currently owns 100% of the common stock of Legacy Group, Inc., a Massachusetts-chartered stock holding company (the “Mid-Tier Holding Company”), which owns 100% of the common stock of Legacy Banks (the “Bank”), a Massachusetts-chartered savings bank which is headquartered in Pittsfield, Massachusetts.
Excel shall indemnify and hold harmless Legacy and the Legacy Group against any and all Income and Other Taxes specifically attributable to the Excel Assets for all taxable years and periods.
Legacy Group, Inc., a Massachusetts-chartered stock holding company.
Any Covered Person entitled to indemnification and/or advancement of expenses, in each case pursuant to this Section 7.6, may have certain rights to indemnification, advancement and/or insurance provided by one or more persons with whom or which such Covered Person may be associated (including, without limitation, any member of the Legacy Group).